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Title: |
Security Agreement |
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Date: |
2006 |
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Size: |
Preview shows 24KB of 202KB total |
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Price: |
$91 |
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ID: |
#2342871 |
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Start of Preview |
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by
LINENS 'N THINGS, INC.
and
LINENS 'N THINGS CENTER, INC.,
as Issuers
and
THE GUARANTORS PARTY HERETO
and
THE BANK OF NEW YORK,
as Collateral Agent
Dated as of February 14, 2006
TABLE OF CONTENTS
| |
|
Page
| ||
|---|---|---|---|---|
| PREAMBLE | 1 | |||
RECITALS |
1 | |||
AGREEMENT |
1 | |||
ARTICLE I DEFINITIONS AND INTERPRETATION | ||||
SECTION 1.1. |
DEFINITIONS |
1 | ||
| SECTION 1.2. | INTERPRETATION | 7 | ||
| SECTION 1.3. | RESOLUTION OF DRAFTING AMBIGUITIES | 8 | ||
| SECTION 1.4. | PERFECTION CERTIFICATE | 8 | ||
ARTICLE II GRANT OF SECURITY AND SECURED OBLIGATIONS | ||||
SECTION 2.1. |
GRANT OF SECURITY INTEREST |
8 | ||
| SECTION 2.2. | FILINGS | 9 | ||
ARTICLE III PERFECTION; SUPPLEMENTS; FURTHER ASSURANCES; USE OF PLEDGED COLLATERAL | ||||
SECTION 3.1. |
DELIVERY OF CERTIFICATED SECURITIES COLLATERAL |
9 | ||
| SECTION 3.2. | PERFECTION OF UNCERTIFICATED SECURITIES COLLATERAL | 10 | ||
| SECTION 3.3. | FINANCING STATEMENTS AND OTHER FILINGS; MAINTENANCE OF PERFECTED SECURITY INTEREST | 10 | ||
| SECTION 3.4. | OTHER ACTIONS | 10 | ||
| SECTION 3.5. | JOINDER OF ADDITIONAL GUARANTORS | 14 | ||
| SECTION 3.6. | SUPPLEMENTS; FURTHER ASSURANCES | 14 | ||
ARTICLE IV REPRESENTATIONS, WARRANTIES AND COVENANTS | ||||
SECTION 4.1. |
TITLE |
15 | ||
| SECTION 4.2. | VALIDITY OF SECURITY INTEREST | 15 | ||
| SECTION 4.3. | DEFENSE OF CLAIMS; TRANSFERABILITY OF PLEDGED COLLATERAL | 15 | ||
| SECTION 4.4. | OTHER FINANCING STATEMENTS | 15 | ||
| SECTION 4.5. | CHIEF EXECUTIVE OFFICE; CHANGE OF NAME; JURISDICTION OF ORGANIZATION | 15 | ||
| SECTION 4.6. | LOCATION OF INVENTORY AND EQUIPMENT | 16 | ||
| SECTION 4.7. | DUE AUTHORIZATION AND ISSUANCE | 16 | ||
| SECTION 4.8. | CONSENTS, ETC. | 16 | ||
| SECTION 4.9. | PLEDGED COLLATERAL | 16 | ||
| SECTION 4.10. | INSURANCE | 16 | ||
i
ARTICLE V CERTAIN PROVISIONS CONCERNING SECURITIES COLLATERAL | ||||
SECTION 5.1. |
PLEDGE OF ADDITIONAL SECURITIES COLLATERAL |
16 | ||
| SECTION 5.2. | VOTING RIGHTS; DISTRIBUTIONS; ETC. | 17 | ||
| SECTION 5.3. | DEFAULTS, ETC | 17 | ||
| SECTION 5.4. | CERTAIN AGREEMENTS OF PLEDGORS AS ISSUERS AND HOLDERS OF EQUITY INTERESTS | 18 | ||
ARTICLE VI CERTAIN PROVISIONS CONCERNING INTELLECTUAL PROPERTY COLLATERAL | ||||
SECTION 6.1. |
GRANT OF INTELLECTUAL PROPERTY LICENSE |
18 | ||
| SECTION 6.2. | PROTECTION OF COLLATERAL AGENT'S SECURITY | 18 | ||
| SECTION 6.3. | AFTER-ACQUIRED PROPERTY | 19 | ||
| SECTION 6.4. | LITIGATION | 19 | ||
ARTICLE VII CERTAIN PROVISIONS CONCERNING RECEIVABLES | ||||
SECTION 7.1. |
MAINTENANCE OF RECORDS |
20 | ||
| SECTION 7.2. | LEGEND | 20 | ||
| SECTION 7.3. | MODIFICATION OF TERMS, ETC | 20 | ||
| SECTION 7.4. | COLLECTION | 20 | ||
ARTICLE VIII TRANSFERS | ||||
SECTION 8.1. |
TRANSFERS OF PLEDGED COLLATERAL |
21 | ||
ARTICLE IX REMEDIES | ||||
SECTION 9.1. |
REMEDIES |
21 | ||
| SECTION 9.2. | NOTICE OF SALE | 22 | ||
| SECTION 9.3. | WAIVER OF NOTICE AND CLAIMS | 23 | ||
| SECTION 9.4. | CERTAIN SALES OF PLEDGED COLLATERAL | 23 | ||
| SECTION 9.5. | NO WAIVER; CUMULATIVE REMEDIES | 24 | ||
| SECTION 9.6. | CERTAIN ADDITIONAL ACTIONS REGARDING INTELLECTUAL PROPERTY | 25 | ||
| SECTION 9.7. | ACCESS TO PREMISES | 25 | ||
ARTICLE X PROCEEDS OF CASUALTY EVENTS AND COLLATERAL DISPOSITIONS; APPLICATION OF PROCEEDS | ||||
SECTION 10.1. |
APPLICATION OF PROCEEDS |
25 | ||
ii
ARTICLE XI MISCELLANEOUS | ||||
SECTION 11.1. |
CONCERNING COLLATERAL AGENT |
25 | ||
| SECTION 11.2. | COLLATERAL AGENT MAY PERFORM; COLLATERAL AGENT APPOINTED ATTORNEY-IN-FACT | 27 | ||
| SECTION 11.3. | CONTINUING SECURITY INTEREST; ASSIGNMENT | 28 | ||
| SECTION 11.4. | TERMINATION; RELEASE | 29 | ||
| SECTION 11.5. | MODIFICATION IN WRITING | 29 | ||
| SECTION 11.6. | NOTICES | 29 | ||
| SECTION 11.7. | GOVERNING LAW, CONSENT TO JURISDICTION AND SERVICE OF PROCESS; WAIVER OF JURY TRIAL | 29 | ||
| SECTION 11.8. | SEVERABILITY OF PROVISIONS | 30 | ||
| SECTION 11.9. | EXECUTION IN COUNTERPARTS | 30 | ||
| SECTION 11.10. | BUSINESS DAYS | |||
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